Watch

RBA Governor dampens hopes of a pre-Christmas interest rate cut

Published 16 August 2024, 10:00 am
Reserve Bank Governor Michele Bullock has reiterated there will be no official interest rate cuts in the "near term". Fronting a Senate committee, Bullock conceded this wasn't what Australian households wanted to hear but it was the right call, considering, she said, the economic risks: China's slowdown, geopolitical tensions and, in Australia, still elevated inflation - particularly in services. So, with no rate relief in Australia anytime soon, what does it mean for the cost of living crisis?
Tags
Australia
Finance
Share

Recommended for you

A woman with an eye patch over her right eye laying in a hospital bed.

Australian injured in alleged Israeli shooting speaks from hospital: 'I demand an investigation'

war

A split image. On the left are two women seated on a couch. On the right is a man speaking.

Worse than Sydney: The renters bearing the brunt of unaffordable Perth

renting

A split image featuring three photos of Australian brush turkeys.

They aren't 'particularly smart'. But this bird is back in a big way in some parts of Australia

birdwatching

Five cocktails in transparent glasses are arranged on a bar counter.

Methanol poisoning: How risky are our drinks and how can you protect yourself?

biodiesel manufacturing

Two men in suits sit at a table with papers in front of them, pointing to a section of a document.

'Families are going to be ripped apart': Labor's 'brutal' migration law trio, explained

immigration laws

An ambulance outside Bangkok Hospital in Thailand.

Why methanol is a 'silent killer' — and where poisonings happen most

poisoning

A close up of a hand giving an injection into an arm

We now know when a new COVID vaccine will be released. Should you get a booster?

covid-19 vaccine rollout

A composite image of Penny Wong and Benjamin Netanyahu.

Wong responds to Netanyahu's ICC arrest warrant as US labels move 'outrageous'

2024 mideast wars